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66-68 Read St

6 Unit Block of Flats £771,654 (£128,609/Unit) 9.38% Net Initial Yield New Haven, CT 06511

Investment Highlights

  • Easy Walkability
  • Off Street Parking | Tenant Paid Utilities
  • Recent Capital Improvements to Exterior & Interior

Executive Summary

This is a 6-Unit Multifamily property nestled in the Newhallville neighborhood of New Haven. It is a short distance from Yale University, Albertus Magnus School, Downtown New Haven and major metropolitan transportation hubs like I-95, and New Haven MTA Station. New Haven is a strong renter market with growth in population, development and rents across the city. All tenants are responsible for their own utilities. The building has off street parking and has seen capital improvements to the exterior and interior of the property.

Attachments

OM - 66 Read St. New Haven

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £771,654 Building Class C
Price Per Unit £128,609 Lot Size 0.21 AC
Sale Type Investment Building Size 5,568 SF
Net Initial Yield 9.38% Average Occupancy 100%
Gross Rent Multiplier 7.32 Number of Floors 3
No. Units 6 Year Built/Renovated 1910/2021
Property Type Residential Parking Ratio 1.26/1,000 SF
Property Subtype
Apartment
  • Multifamily Dormitory
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style Low Rise
Price £771,654
Price Per Unit £128,609
Sale Type Investment
Net Initial Yield 9.38%
Gross Rent Multiplier 7.32
No. Units 6
Property Type Residential
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.21 AC
Building Size 5,568 SF
Average Occupancy 100%
Number of Floors 3
Year Built/Renovated 1910/2021
Parking Ratio 1.26/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Heating
  • Wooden Floors
  • Deck
  • Family Room

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+1 6 £1,511 1,000
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Bike Score ®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number NHVN-000253-000506-000800 Total Assessment £268,408 (2024)
Land Assessment £30,015 (2024) Annual Taxes -£1 (£0.00/sf)
Improvements Assessment £238,393 (2024) Tax Year 2023

PROPERTY TAXES

Parcel Number
NHVN-000253-000506-000800
Land Assessment
£30,015 (2024)
Improvements Assessment
£238,393 (2024)
Total Assessment
£268,408 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023

zoning

Zoning Code RM1
RM1
(203) 273-5256

Contacts

  • Listing ID: 34225035

  • Date on Market: 17/12/2024

  • Last Updated:

  • Address: 66-68 Read St, New Haven, CT 06511

The Newhallville Residential Property at 66-68 Read St, New Haven, CT 06511 is currently available. Contact USMF for more information.

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© 2024 CoStar Group

66-68 Read St
(203) 273-5256 x

66-68 Read St

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Mallory Chila

(203) 273-5256

(203) 273-5256

Ian Rawlinson

(203) 273-5256

(203) 273-5256

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